Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Strong Trading Volume – Here’s Why

Shares of Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw unusually-high trading volume on Monday . Approximately 10,360 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 7,111 shares.The stock last traded at $11.0043 and had previously closed at $10.93.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Hellenic Telecom Organization Price Performance

The business’s fifty day moving average price is $10.31 and its 200 day moving average price is $10.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.64. The stock has a market cap of $8.96 billion, a P/E ratio of 15.36 and a beta of 0.22.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Hellenic Telecom Organization had a return on equity of 30.98% and a net margin of 13.81%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.60 million.

About Hellenic Telecom Organization

Hellenic Telecommunications Organization SA (OTCMKTS: HLTOY), also known as OTE Group, is the primary provider of telecommunications and digital services in Greece. The company offers a comprehensive suite of solutions that includes fixed-line telephony, mobile communications under the COSMOTE brand, broadband internet access via fiber and ADSL networks, and pay-TV services through its COSMOTE TV platform. In addition, OTE Group delivers enterprise-focused ICT offerings such as cloud computing, data center operations, cybersecurity, managed network services and system integration.

Established in 1949 as Greece’s state telecommunications monopoly, OTE Group began a gradual privatization process in the late 1990s, which culminated in a majority stake acquisition by Deutsche Telekom.